From saving too little to claiming Social Security too early, there are plenty of ways that current and future retirees can ...

The fact that many financial advisors say they do not provide tax planning belies how much value they may add through that ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

ISLAMABAD: In a dramatic U-turn, the government on Friday scrapped the asset valuation column from the tax return form for 2025 — just a day after issuing a strongly worded clarification — bowing to ...

It has been observed that certain elements are spreading misleading information on various social media groups regarding the Income Tax returns for tax year 2025. In this regard, it is clarified that ...

Form 10-IEA notified vide Notification No. 43/2023 dated 21st June 2023 is applicable from Assessment Year 2024-25 onwards i.e. for A.Y. 2024-25 and upcoming years. With effect from A.Y 2024-25, new ...

The Federal Board of Revenue (FBR) has introduced significant changes to the income tax return form on its online IRIS portal, making it mandatory for taxpayers to disclose the market value of their ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The CBDT has announced changes to Form 3CD, applicable for FY 2024-25, impacting tax audit reporting. Key changes include revised reporting for MSME payments, new requirements for share buybacks, and ...

Thousands of dollars in potential tax savings are available — but only through the end of the year. By Rachel Wharton The Inflation Reduction Act made home-renovation history in 2022 by expanding tax ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...